Unitrust Administration

Many trusts created in the past were set up as ‘income-only” trusts in which the net income would be payable to the beneficiary during lifetime or during the term of the trust. A typical example of such a trust would be the QTIP Marital Deduction Trust set up for a surviving spouse. Given the modest […]

The Tax Act of 2010 Estate Planning Under The New Law

The Tax Act of 2010 (the “Act”), signed by President Obama on December 17, 2010, makes important changes in our Federal estate, gift and generation-skipping transfer tax rules. In many situations, the new rules present significant estate planning opportunities during the next two years. This Report summarizes some of these changes. I. Key Estate and […]